According to the ‘Wall Street Journal,’ Elon Musk told Twitter’s chairman Bret Tylor that his original offer of $54.20 per share has not changed. The journal reported that Musk had secured the funding. Elon Musk pledges to solve the free speech issues he sees that are plaguing the platform.
Twitter is more likely than before to seek to negotiate with Elon Musk about the offer. Elon Musk had informed that he had secured $46.5 billion to finance the transaction. Still, he had also planned to appeal directly to the company’s shareholders as he sought to take over the social media platform.
Twitter’s board of directors has already opposed the proposal, as the proposal will make Musk acquire more than 15% of the company’s shares in the market. Currently, he holds only 9.2% of the shares. According to the report, Twitter is rethinking the offer given by the Tesla CEO.